The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1887-12-10
BANKING AND FARMING.

DbVNNITNS ANU AHmIN1.
Two Interesting Public Reports = Tho
omptro1lcr's Statement Of the Copdi-
tion OF the National Banks = Conmis-
sioner Coleman's Work In the Asrcuit-
u'ni Department.
THE NATIONAL BANKS
WASHINGTON. Dec. 2.-The annual report OF
the Comptroller OF the Currency shows that
the total number OF National banks organized
up to October 81 was 3s15, OF which sos have
gone into voluntary liquidation, 11o have failed,
leaving In operation nt that date 1901. The to-
tai number OF new banks formed during the last
year was 2o5; total number closed during the
year, 3s, OF which % went into voluntary liqui-
dation and failed.
The gross increase in National. bank capital
during the year amounted TO s3G,S9i,T75, OF
which g. s6s, ,Oo5 represents m increase OF capi.
tai by banks existing November I, 1885. There
was. however. a decrease OF capital of 90, 322,-
45C, of which A,0S7,45O was the aggregate capt.
tai Of the thirty.three banks which went into
voluntary liquidation and failed and the re-
mainder represents q decrease Of capital by
banks still in operation. The net increase Of
capital for the year is, therefore, sD,5Ts,ss'.
On the other hnnd there is q net decrease OF
s5o,4o5be0 in the circulation represented by
bonds. The decrease resulting from the sur
render of circulation by banks still In operation
is 81, ,77O,4i5 and the decrease caused by banks
going into voluntary liquidation and failing Is
$i,2i4,3so, making gross decrease OF So,0A,-
Sa3 Offset by total increase Of iS, $40 265, which
consists OF an increase by the formation OF new
banks OF s4582,00 and on increase of circula-
ton by previously existing banks to the amount
Of ST. a9jT, T,175.
In tho cases OF four OF the Ave banks which
failed the creditors have received principal and
interest In full, and in the case OF the fifth the
total OF dividends amounts to 81 per cent. The
total amount OF money paid In dividends during
the last year Is ", I06. 203; whole amount paid
to creditors OF insolvent banks since the sys-
TEN has been In operRion is 2o43, 936, upon
proved claims amounting to SAG, a3s, 3Ss: total
assessments on stockholders, S99i5.25O Of
which gross collections have amounted to-
&i.6S2 500.
The Comptroller submits codncaton OF the
banking laws. He recommends that the mini
mum amount OF bonds to be deposited by u
bank as security for circulation shall be 10 per
cent. OF the capital OF banks not over $3.50 900,
and :25, 900 for banks of which the capital cx-
cceds s?j).OO0; also that the semi-annual duty
on circulation be hereafter charged only on the
amount issued upon bonds deposited in excess
OF the minimum amount as above: also that the
National-bank notes be counted as part OF the
lawful reserve of banks
The existing laws as to the responsibility OF
officers OF banks are modified by this code SO as
to avoid existing obstacles to their prompt en-
forcement. The restriction on banks as to MAX
ing loans in excess of 10 per cent OF capital to
any one party is modified in respect to loans
| upon collateral security and the total limit is
raised to 90 per cent. of capital and surplus.
| The provisions as to reserve upon deposits are
modified as not to include Government de-
posits, and the provision as to State taxation
| of National banks is also modified.
THE FIGHT AGAINST PLEURo.
| WASHINGTON, Dec. 2.-The annual report OF
| the Commissioner Of Agriculture says that the
Governors of thirty-one States and Territories
| have accepted the rules AMI regulations OF
| the Bureau OF Animal Industry in regard
| to pleuro-pneumonia and promised the
| assistance OF local police officers to
| secure their enforcement. In add-
| tion the Legislatures of Rhode Island,
| Virginia, New York and Illinois have
| enacted laws providing for cooperation. The
| worst infected counties, the report says, and
| those from which there was most danger OF
| the spread of the disease-viz.. those in the
neighborhood of New York, Chicago and Bal
| timore-have been placed in quarantine and
| no cattle allowed to leave them without per-
| nit issued after a special examination BY this
| means new outbreaks have been almost entire
| ly prevented.
From the beginning of the work for the
eradication Of this disease. in August, 1886, to
| October 81, 1887, the inspectors of the bureau
| have inspected l5,337 herds, containing Ill.,
| $50 animals, in districts where the plague
| was supposed TO exist. Among these
there were found 79s infected herds,
| containing 10,1g6 animals, of which 2,235
| were affected with pleuro-pneumonia. These
| figures do not include 2,s73 head of cattle in
| the dstillery stables of Chicago, nearly half
| of which were deceased The number Of
animals found affected by this disease and
| the number of infected herds were much
| greater thar. had been anticipated, and the
| work for its control has subsequently required
| a correspondngly larger force and greater ex-
penditure OF money. The progress made, how
ever, has been very satisfactory and the APP
preparation has been found sufficient to meet
the demands made upon II.
| The Commissioner expresses regret at the I'M
nvoidable loss inflicted on the farmers OF Hi
nois by the cattle quarantine, and adds:
| There has not been time in years when
this malady has been confined TO such restrict
ed nreas rs ut present, and, conscquQ Fly, the
conditions very favorable for its COM
plete eradication. II the State author-
ties continue their cooperation as at present.
which there is every reason to expect, and II
an appropriation is made by Congress equal to
that Of the present fiscal year, and with author
ity for its similar use, 1t is believed that this
dangerous plague can be exterminated by the
end OF the next fiscal year."
The Commissioner says it is yet too early to
make an official statement OF the results in de-
tail OF the present years experiments in the
development OF sorghum sugar manufacture,
| but that enough is known already to enable thio
country to anticipate an early success Of tho
enterprise.
The Commiss oner recommends that the
Public Printer be authorized to furnish to
the agricultural press OF the country at the
mere cost of labor and material electrotypes
of such illustrations Of the department
us the editors may desire, and that
the duties Of the seed division be trans
ferred to State and Territorial experiment
stations The Commissioner disapproves of tho
efforts to make his department an Executive
department with Cabinet Minister at its head.
He says that the building of reservoirs among
the Rocky Mountains for the storage of an inn
mense volume of water now wasted shouL
command the early attention of Congress.